Gold futures lose more ground in late morning dealings

SAN FRANCISCO (MarketWatch) -- Gold futures lost more ground in late morning dealings on the New York Mercantile Exchange after the U.S. dollar climbed to a 16-month high against the Japanese yen, luring investors away from the precious metal. December gold is down $3.40 at $468.80 an ounce. December copper, however, is up 2.35 cents, or 1.4%, at $1.751 a pound. Prices for the industrial metal found support from a rise in September U.S. factory activity and construction spending.

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